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Agreement to resolve the John Doe summons

Zurich / Basel12 Aug 2009, 17:15Price Sensitive Information

Today, the US government informed the US District Court of the Southern District of Florida that all parties have reached an agreement to resolve the John Doe summons matter and that they have initialed the final documentation. The hearing scheduled for 17 August will be removed from the court's calendar, and immediately after the formal signing has occurred, the parties will file the agreed upon stipulation of dismissal with the court.

UBS welcomes this agreement. UBS Chairman Kaspar Villiger said: "The Board of Directors and the management of UBS are grateful that the two governments reached this agreement to resolve this issue, and we thank the Swiss government and the Swiss delegation that negotiated this settlement for their outstanding efforts." At the request of the US and Swiss governments, UBS has agreed not to comment further pending the formal signing of the agreement, which is expected to occur in the near future.